Break Out The Bubbly, It’s Time To ‘Get One’s Drink On,’ Congress Just Approved The Trump Stack
It’s ‘time to get one’s drink on’ and ‘break out the bubbly’ as Congress has just approved the massive socialist stimulus bill that includes $1,200 cash payout “Trump stacks” for the nation.
On Capitol Hill, five days of arduous talks produced the bill, creating tensions among Congress’ top leaders, who each took care to tend to party politics as they maneuvered and battled over crafting the legislation. But failure was never an option, which permitted both sides to mark big wins.
Even before the deal was reached, news of the likely but elusive agreement had sent the stock market rocketing on Tuesday. The rescue package would be larger than the 2008 bank bailout and 2009 recovery act combined.
The package would give one-time payments of $1,200 per adult and $500 per child directly to the public.
A huge cash infusion for hospitals expecting a flood of COVID-19 patients grew during the talks at the insistence of Sen. Chuck Schumer, the Democratic leader, while Republicans pressed for tens of billions of dollars for additional relief to be delivered through the Federal Emergency Management Agency, the lead federal disaster agency.
Democrats said the package would help replace the salaries of furloughed workers for four months, rather than the three months first proposed. Furloughed workers would get whatever amount a state usually provides for unemployment, plus a $600 per week add-on, with gig workers like Uber drivers covered for the first time.
“It ensures that all workers are protected whether they work for businesses small, medium or large, along with self-employed and workers in the gig economy,” Schumer said. (source)
All joking aside, this really is not funny.
I think it is reasonable to say that people want the best for each other, including a quick fix to the economy so that people can get back to work. However, this is not happening, and the people being put out of work largely will likely remain out of work for the foreseeable future.
I do not want to discuss politics in this, but rather to give a quick summary of what is going to happen (yes, going to happen) not based on my own estimations, but on monetary policy.
The quick explanation of monetary policy is that more money = less value because value comes from scarcity. The more dollars, be they in digital or physical form, means less scarcity, and less value. Sand is less valuable than gold because sand is everywhere and gold is in short supply. The particular vehicle of value can change by culture, but the fact is that the principle is the same in any culture.
Congress is printing money- be it electronic or physical paper -to help people. What this means is that the dollar is going to have a significant decline in value more than what it already has experienced.
A decline in the value of the dollar means an increase in prices and the costs to do business because the actual means of communicating value between people (money) is WORTH LESS
Note that WORTH + LESS forms (=) WORTHLESS, because that is what your money is becoming.
Congress is not “helping” people, but making the currency worthless.
This was the scandal of TARP in 2007. For by socializing losses for corporations, it caused a serious decline in the value of the dollar that while helping stock prices, hurt the common man.
What this “Trump stack” bailout will do is to likely cause significant stock gains and increase value on paper for corporations and even individuals, but it will cause a decrease in the value of the money itself.
This is the great deception, and both parties and their supporters are not fighting over this principle (such as what one heard in 2007 about the nature of socializing irresponsible corporate behavior), but rather about who is for “the people”, as Trump said himself.
The discussion from a decade ago, while still weaker than what it should have been, is completely gone. Nobody is talking about principle any more yet this is what matters now more than ever. Instead, both parties have convinced their adherents that the other side is “bad” for not giving out enough money for the “proper” purposes.
Shoebat.com has said that both parties are the same and working towards the same ends, which is socialism. Now they are openly admitting they are promoting socialism by way of their behaviors, and nobody is debating this at all. Instead, the trite question asked in response is “why are you (insert party) hurting innocent Americans?”
If one thinks this virus is bad, wait until the next shipment of products come in and prices have to be adjusted to reflect the changes in market value. Does one think that three dollars for a cup of coffee is bad now? What will people do when that same cup of coffee is five or six dollars? This is not to say that the cup of coffee itself is more expensive, but the means of value is worth less than what it was before.
This is my warning and reason why I have consistently spoken about the diversification of assets, especially into tangible assets such as gold and silver, because one needs to preserve one’s value by transferring their value into time-tested and historical vehicles that preserve value and due to the fact they are tangible, they cannot go to zero (become worthless).
There has been talk that a lot of value is being lost and will continue to be lost in the current decline. This is very true. Expect a lot of people to get a lot poorer because either (a) the physical currency holdings they have will continue to decline on the basis of the decline in value of the currency itself, or (b) their investments will decline to the point that they lose value significantly.
However, as I have said, there is little that the common man can do. The fact is that certain things have been set in motion, and they are not going to be changed.
So break out the bubbly, and get your drink on- enjoy the “Trump stack,” but remember that this party is going to be over soon. And to that, while one is buying the ‘bubbly’, consider picking up a shovel, wheelbarrow, pick, and a bag of manure with a pack of seeds, because as the value of one’s currency continues to decline, the price of food is going to increase, and the taste of alcohol is very short-lived when compared to the pangs of hunger.
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